Bullish Engulfing & EMA 200 Crossover📈 Stock: Eicher Motors (NSE:EICHERMOT)
🔍 Closing Price: 4810.60
📊 Pattern: Bullish Engulfing
📉 Technical Signal: EMA 200 Crossover
Key Observations:
✅ Bullish Engulfing pattern signals strong buying momentum.
✅ EMA 200 Crossover indicates a potential trend shift.
✅ Increasing volumes add conviction to the setup.
Key Levels to Watch:
🔹 Support Zones: 4718 – 4625 – 4574
🔹 Resistance Zones: 4862 – 4913 – 5006
Trading Plan:
📌 Above 4862, price may see bullish momentum toward 4913 and 5006.
📌 Below 4718, cautious approach needed, as downside risk increases.
